Sahara signs MoU with Orissa government to set a Mega Power Plant

Sahara India Power Corporation Limited, the subsidiary of Sahara India Pariwar’s real estate company Sahara Prime City Limited signed Memorandum of Understanding with the Government of Orissa for setting up a 1320 MW Coal Based Thermal Power Plant in Turla Tehsil of Balangir District, Orissa at an investment of about Rs.5604 Cr. The MoU was signed by Mr. Pradeep Jena, Commissioner Cum Secretary - Power, on behalf of the Government of Orissa and Mr. Ashok K Bhargava, Chief Advisor and Head – Sahara Power Projects, in the presence of the Hon’ble Chief Minister of Orissa, Shri Naveen Patnaik and other distinguished dignitaries and officials.

To be built on an area of 1,500 acres, the Sahara Power’s Turla plant is planned to commission its first Unit of 660 MW by 42 - 48 while the second unit of 660 MW is expected to be commissioned within 6 to 8 months thereafter. The plant is planned to be set up through Joint Venture Participation with Power Companies from different parts of the world.

Sahara India Power Corporation Limited will develop fuel based or non conventional power plants using the latest and emerging technologies. Sahara Power will set up a 5 MW Grid Interactive Solar Photo Voltaic Power Plant in Dhenkanal District of Orissa at an estimated investment of about Rs. 125 Cr. The Company has already received an in-principle approval from the Government of Orissa through M/s Orissa Renewable Energy Development Agency. Sahara Power has tied up with M/s Solar Integrated Technologies Inc. USA, as its strategic partner for supply and installation of the required plant and equipment. In addition to this, Sahara Power is also planning to set up 25 MW of Wind Power projects in Orissa through a reputed Wind Energy Company which has already set up wind masts at 7 locations. The company plans to proceed with the project once it receives data, gathered by the masts in next 6 to 9 months.

Sahara India Power Corporation Limited has also proposed to set up a 2000 MW Coal based power plants in Jharkhand and Chhattisgarh at an estimated investment of Rs. 8000 Cr. each.

Deepak Kashap/ITVoir Network


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